Asia open $1.1926, range $1.1917-65....>

EURO SUMMARY: Asia open $1.1926, range $1.1917-65. Europe open $1.1920, range

$1.1920-42. 

* Eur rallied Friday on reaction to ECB Draghi comments on EZ growth along with

no mention of recent Eur strength.

* Eur/Usd rallied to an eventual high of $1.1941, eased to $1.1903 then settled

around $1.1925 into the close.

* Early Asia continued the Eur enthusiasm by taking rate on to $1.1965, mainly

led by pre Tokyo Eur/Jpy demand.

* Tokyo provided Eur/Jpy supply, countered early Eur demand and pressed rate

back to $1.1917 into Europe. 

* Asian traders noted demand sub $1.1920 linked to macro and quant names. 

* Rate recovered to $1.1942 in Europe, reversed to $1.1920 before it settled

around $1.1930 late morning.  

* Eur retained an underlying buoyant tone but seen needing a break of $1.1960/65

to boost further upside hopes. 

* Large barrier mentioned at $1.2000, another at $1.2050.